Rose Valley Chit Fund Scam- Calcutta HC granted Gautam Kundu temporary bail to meet the child and sick mother

Gautam Kundu, the former Chairman of the Rose Valley group of companies, was arrested in connection with the alleged multi-crore chit fund scam, which is being investigated by the Enforcement Directorate (ED) and the Central Bureau of Investigation. Kundu has requested, under article 439 of the CrPC, to obtain a temporary bond for 7 days to take care of his minor children and his sick mother.

Judge Shivakant Prasad noted on Friday that the petitioner has submitted such a request for temporary bail for the second time. However, his previous judgment on temporary bail was rejected by the court on June 26, 2020 due to the continuing pandemic that prevented him from producing. Similarly, the court stated that in a previous trial, in January 2021, when the petitioner was granted four days of bail to visit his sick mother and minor son, he had met all the conditions set by the court.

The court also reviewed various medical reports of the petitioner’s sick mother, which mentioned that she had high-grade endometrial cancer and was currently very sick. The lawyer representing ED also submitted a detailed report to the court, listing the current progress of the impeachment case in the CBI Special Court.

Therefore, the petitioner was temporarily released on bail from August 9 to August 15, 2021, with a bail period of 7 days and a bail of 50,000 rupees, as well as two bonds worth 10,000 rupees. In addition, he was instructed to stay at his mother’s residence within the specified time.

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